Market Equilibrium

Market Equilibrium

12th Grade

5 Qs

quiz-placeholder

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Market Equilibrium

Market Equilibrium

Assessment

Quiz

History

12th Grade

Practice Problem

Easy

Created by

Kayla DiDonato

Used 1+ times

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5 questions

Show all answers

1.

OPEN ENDED QUESTION

10 mins • 1 pt

Solve for x: x - 6 = -2x + 3

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Solve for t: 12 + t = 30 + 3t

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3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Fill in the blank: The market equilibrium price of a product is an agreement between ________ and producer.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rewrite the following in an equation format:

Qs = 400 + 2p

Qd = 200 + 3p

Qs = Qd

400 - 2p = 200 + 3p

400 + 2p = 200 - 3p

400 + 2p = 200 + 3p

5.

OPEN ENDED QUESTION

3 mins • 1 pt

A company sells 300 candles for $2 each every month but wants to begin selling 200 candles for $5 each every month. With this new information, calculate the new supply and demand quantity price.

Evaluate responses using AI:

OFF